March 30, 2008

An Imaginary Decline in Our Lifestyle?

Feeling like a loser because your American dream is turning into a nightmare? Before you reach for the shotgun to blow your brains out, take a look outside the window. Here is another example of how propaganda works, not with disinformation but instead by not providing information. The itsey-bitsey report below is about the steepest decline in home prices. Maybe they could make it clear this is UNPRECEDENTED! Ya think?
Home Price Decline Steepest in 21 Years

Tuesday, March 25, 2008
NEW YORK -- The Standard & Poor's/Case-Shiller index shows U.S. home prices fell 11.4 percent in January, its steepest drop since S&P started collecting data in 1987.
The decline reported Tuesday means prices have been growing more slowly or dropping for 19 consecutive months. The index tracks the prices of single-family homes in 10 major metropolitan areas in the U.S.
The broader 20-city composite index is also down, falling 10.7 percent in January from a year ago. That is the first time both indexes dropped by double-digit percentages.
© 2008 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

1 comment:

stuigi said...

There is a rumor and only a rumor on the net that says that the American Dollar crisis that we are now suffering from is a ruse to destabalize chinas economy as they are heavily invested in our dollar. Just a rumor